Good MorningEquity markets pulled back on Thursday despite better than expected economic data. Not only did the retail sales data for August come in well above consensus but the Philly Fed’s Manufacturing Business Outlook Survey echoed the Empire State manufacturing report from earlier this week by coming in nearly double the expectations. On the retail front, retail sales rose 0.7% for the month versus an expected decline and are up 15% from last year. On the manufacturing front, an increase in orders, deliveries, and a decline in customer inventories all point to solid activity in the second half of the year.
Next week, investors will turn their focus to the FOMC. There are a few economic reports on tap but the FOMC meeting will be the most important event of the week. The committee is not expected to alter its policy but it could shock the market with a more hawkish than expected stance.
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Tech | | They say that semiconductors are the heartbeat of the tech sector, which is why it's nice to see that semi stocks have been holding up well during the recent market pullback. The ongoing chip shortage should benefit the majority of these companies for the foreseeable future, while demand is expected... Read the Full Story |
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From Our PartnersThis small-cap company has launched a game changing new cigarette with no tobacco! | | Continue Reading |
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Stocks | | There’s no such thing as a “one-size-fits-all” strategy that works for all investors, which is why it's important to explore a few different options to pick and choose what works best for your individual personality. One stock picking strategy that stands out for investors who are ... Read the Full Story |
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Markets | |
These Are 2 Underappreciated eCommerce Stocks
The August retail sales figures were remarkably strong versus the expectations and prove the resiliency of the US economy. Within that, eCommerce sales didn't grow quite as strong as they could have but that's only versus the analyst expectation... Read the Full Story |
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Markets | | Asian shares were mixed on Friday after a hodge-podge of economic data led Wall Street to close mostly lower.
Benchmarks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai and Sydney.
Across the region, concerns over prolonged outbreak of coronavirus have weighed ... Read the Full Story |
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Politics | | China has applied to join an 11-nation Asia-Pacific free trade group in an effort to increase its influence over international policies.
Commerce Minister Wang Wentao submitted an application to the trade minister of New Zealand as a representative of the Comprehensive and Progress Ag... Read the Full Story |
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From Our PartnersSince the 2008 financial crisis, the Dow is up 447%, S&P 500 579%, Nasdaq 1,116%; find out these reasons why stocks could collapse, like the 1929 crash, possibly giving back 15-30 years of gains. Also, which asset is more undervalued than any other asset class and could hedge & protect your portfolio from any market turmoil with the potential for massive gains. | Find Out The Details Here |
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Markets | | Asian shares were mixed on Friday after a hodge-podge of economic data led Wall Street to close mostly lower.
Benchmarks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai and Sydney.
Across the region, concerns over prolonged outbreak of coronavirus have weighed ... Read the Full Story |
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Markets | | World shares were mostly higher on Friday as investors assessed a hodge-podge of economic data.
Benchmarks rose in Frankfurt, Paris, Tokyo and Hong Kong but fell in Sydney. U.S. futures edged higher, while the yield on the 10-year Treasury note was steady at 1.33%.
Oil... Read the Full Story |
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Markets | |
The Analysts Are Getting Bullish On Natural Gas Stocks
With natural gas prices hitting another seven-year high, the analysts have begun to turn their attention to natural gas stocks. Based on the fundamentals, it looks like natural gas prices will remain high if not continue to rally in the... Read the Full Story |
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Tech | | An imposing bronze statue was unveiled in Hungary’s capital on Thursday which its creators say is the first in the world to pay homage to the anonymous creator of the Bitcoin digital currency.
Erected in a business park near the Danube River in Budapest, the bust sits atop a stone pli... Read the Full Story |
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Markets | |
It's really easy to pepper your thoughts with detrimental excuses about not saving for retirement. Have you heard yourself say the following — even if you just say them in your head?
"I don't have time to figure out how to save for retirement." You tell yourself you'll do it later. ... Read the Full Story |
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The Early Bird Stock Of The Day Vedanta Ltd. is a natural resource company, which engages in the exploration, extraction, and processing of minerals, oil, and gas properties. It operates through the following segments: Copper, Aluminum, Iron Ore, Power, and Oil & Gas. The Copper segment focuses in custom smelting and also include a copper smelter, a refinery, a phosphoric acid plant, a sulphuric acid plant, a copper rod plant, and three captive power plants. The Aluminum segment comprises refinery and a captive power plant at Lanjigarh and a smelter, a thermal coal based captive power facility at Jharsuguda both situated in the State of Odisha in India. The Iron Ore segment explores, mines, and processes iron ore, pig iron, and metallurgical coke. The Power segment consists 600 MW thermal coal-based commercial power facility at Jharsuguda in the State of Odisha in Eastern India. The Oil and Gas segment involves in the exploration and development and production of oil and gas. The company was founded by Dwarka Prasad Agarwal on June 25, 1965 and is headquartered in Mumbai, India. | View Today's Stock Pick |
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